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TFCU Promotes Michael Savino to AVP, Consumer Lending & Credit

May 20, 2016

Hauppauge, NY, May 20, 2016 – Teachers Federal Credit Union, one of the country’s largest credit unions, announced the promotion of Michael Savino to Assistant Vice President of Consumer Lending and Credit.  The announcement was made by TFCU President/CEO Robert G. Allen. Mr. Savino, a TFCU employee for nine years, was the Financial Services Manager of the credit union’s Commack and Hauppauge branches. In his new position he will oversee the credit union’s consumer loan process from approval to underwriting.  In addition he will manage the team responsible for collections and proceedings related to mortgages and foreclosures.

“Michael has demonstrated leadership and expertise for nearly a decade at TFCU. He understands that financial decisions impact every member and their families. As Assistant Vice President of Consumer Lending and Credit, he will lead our lending team which plays a critical role in supporting members in securing the loans they need as well as plan for their futures,” said Robert G. Allen, TFCU President/CEO.

 “The atmosphere at TFCU is positive and always focused on members. Over my years at the credit union the management and my peers have been supportive and I have been afforded many opportunities for personal growth and advancement,” said Michael Savino.  “I started my career in commercial banking.  Today I feel at home at TFCU where we spend our time and energy building relationships with our members.  In terms of working with members, my job is to place them and their families in better financial situations.”

“When it comes to underwriting and consumer loans we are very busy today at TFCU.  We are in a period of long and strong growth in our loan business.  We are seeing more activity because members feel comfortable taking out loans with us and they know the interest rates we offer are competitive,” added Savino.

A 2004 graduate of Siena College, Mr. Savino majored in finance and later earned his MBA from Dowling College. As a TFCU Financial Services Manager, he was a member of the Smithtown Chamber of Commerce and Hauppauge Industrial Association (HIA). He is active in TFCU’s charitable activities and supports veteran causes. He grew up in Ronkonkoma and resides in Centerport with his family.

About TFCU:

Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is a full-service, not-for-profit financial institution.  TFCU was founded on Long Island in 1952 and now has over $5 billion in total assets, serves more than 250,000 members and has 25 full-service branches throughout Long Island including: Amityville, Bay Shore, Brookhaven National Laboratory, Central Islip, Commack, East Northport, Farmingville, Hauppauge, Holbrook, Huntington, Manorville, Merrick, Nesconset, North Babylon, North Massapequa, Oakdale, Patchogue, Port Jefferson Station, Riverhead, Rocky Point, Selden, Shirley, Smithtown, South Setauket, and Wading River. Members also have access to services at more than 5,000 shared service centers located across the country. TFCU offers financial services to all people and businesses located in Nassau and Suffolk counties More information is available about TFCU by visiting www.teachersfcu.org or by calling (631) 698-7000.

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ProductAPR*
Unsecured Personal Loan10.45%
Teachers Advantage LOC9.25%
Visa "No Frills" Card9.36%
Visa Classic12.36%
HELOC2.99%
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*APR = Annual Percentage Rate. All rates are subject to change without notice.

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